L&G completes £285m buy-in with Fortune 500 company
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
The undisclosed company appears in Fortune magazine's annual list of the 500 largest US corporations ranked by revenues. The deal, announced today (18 September), is a full scheme buy-in which is expected...
More on Risk Reduction
2020 is offering de-risking opportunities for smaller schemes
With a recent rise in the number of smaller schemes undertaking bulk annuity transactions, Charlotte Quarmby sets out why now might be the right time for smaller pension schemes looking to de-risk.
Clara Pensions adds Wilton Re as additional capital partner
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
Two in five schemes expect to transfer risk within three years, finds Willis Towers Watson
Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.
2021 will bring 'triple whammy' for covenant support
Sponsor covenants are facing a “triple whammy” moving into 2021 as the effects of Covid-19, Brexit and macro-economic conditions combine, Lincoln Pensions warns.
What Covid-19 means for longevity and bulk annuities
Darryl Brundle and Ashley Kanter look at the contrasting pressures and easements on longevity associated with the pandemic
